The FASB Outlook presents current accounting and financial reporting issues in a “plain-English,” format designed to provide quick access to stories of interest to busy professionals who are not technical accountants.

The FASB Outlook will be issued every three months and whenever there is important breaking news to share. Regular features will include:

What You Need to Know About..., a briefing on FASB projects that should be on your radar, and

A column featuring Board and staff perspectives on issues that impact investors and other users of financial statements.

Videos and profiles of FASB members will highlight each edition, which also will include an up-to-the-minute calendar of upcoming FASB meetings and events. The FASB Outlook’s interactive format also enables stakeholders to provide direct input on both the articles in the issue, as well as inform the FASB of their specific interests.

“We created the FASB Outlook in response to stakeholder requests for sources of high-level information about our projects in progress, as well as more forward-looking insights into how the FASB’s endeavors may affect their business or organization,” said FASB Chairman Golden. “For those stakeholders who want to take a deeper dive into the more technical issues, each feature will provide links to new and existing content, video, and educational materials on our updated FASB website.”

In the coming weeks, the GASB will issue the GASB Outlook, a new e-newsletter dedicated to keeping GASB stakeholders out in front of what is coming up in the state and local government accounting and financial reporting space.

Since 1973, the Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports and are officially recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants. Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors, and others rely on credible, transparent, and comparable financial information. For more information about the FASB, visit our website at www.fasb.org.